The current Federal Reserve Chairman is ________?
a. Alan Greenspan
b. Bill Clinton
c. Warren Buffet
d. Ben Bernanke
d
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Institutions that make loans to borrowers and obtain funds from savers are called
A) financial markets. B) financial intermediaries. C) financial conglomerates. D) financial branches.
If AVC=$5 and AFC=15, then AC=
a. $15 b. $5 c. $20 d. $10
Say that the equilibrium price of natural gas would be $5 per thousand cubic feet, but there is a price floor imposed at $7 per thousand cubic feet. That price floor is then lowered to $5 per thousand cubic feet. As a result, a. the shortage of natural gas will get worse
b. the shortage of natural gas will get less severe. c. the surplus of natural gas will get worse. d. the surplus of natural gas will be eliminated.
Suppose Sarah Lee Corporation stock has a P/E ratio of 8 . This P/E ratio is relatively
a. low, indicating that buyers may expect earnings to rise. b. low, indicating that buyers may expect earnings to fall. c. high, indicating that buyers may expect earnings to rise. d. high, indicating that buyers may expect earnings to fall.